Stephen Lansdown resigned as an executive director of Hargreaves Lansdown
yesterday, nearly three decades after the wealth manager was launched in a
spare bedroom in Bristol.

His resignation comes days before Peter Hargreaves, who co-founded the firm
with Mr Lansdown in 1981, stands down as chief executive. Their departures
will mark the end of an era for the company, which has grown to become one
of Britain’s biggest broking and advisory firms.

Mr Lansdown owns a 23 per cent stake in the company, worth about £423 million,
and was chairman until last year. He will remain involved with the company